Boston Stock Brokers: Clement, Parker & Company

 

CLEMENT PARKER & CO.

MAR 25 1902

BOSTON.

Clement, Parker appear to have transacted exclusively on the Boston Exchange during the 1898 tax period.  Frederick W. Parker and Hazen Clement both held seats on the Boston Exchange.

Boston Stock Brokers: George S. Baldwin & Company

 

G. S. B. & CO.

MAR

4

1902

BOSTON.

The above stamps might have been used in the transfer of preferred shares of the Dominion Iron & Steel Company:

Boston Stock Brokers: Theodore Hastings

 

THEODORE HASTINGS

OCT 27 1898

BOSTON.

from United States Investor, April 29, 1911

Boston Stock Brokers: NYSE Brokers Listed as Primarily Boston-based in the NYSE 1898-1902 Database

Quite a large number of brokers trading on the NYSE also kept offices or traded in Boston.  In the case of the brokers listed below, Boston was their main base, while one of the firm's partners maintained a seat on the New York Exchange.  So this list is not complete with regard to firms that did business in both places, as firms like Brown Brothers and Blake Brothers, mentioned in recent posts, did not identify themselves as primarily Boston firms, and I did not classify them that way in the NYSE broker database.  

Whatever the case, this is another starting point for looking for Boston broker cancels, as David T and I have been methodically collecting the NYSE cancels for years.

The battleship stamps above are clearly canceled "Boston" rather than New York

Elisha D.	Bangs & Company	Boston
William	Bassett	Boston
John W.	Belches & Company	Boston
George C.	Brooks & Company	Boston
George F.	Brown Jr.	Boston
	Brown, Reilly & Company	Boston
	Chase & Barstow	Boston
	Curtis & Motley	Boston
	Curtis & Sanger	Boston
	Dillaway & Company	Boston
	Dillaway & Starr	Boston
	Downer & Company	Boston
Walter H.	Edgerly	Boston
	Edgerly & Crocker	Boston
	Emery & Tucker	Boston
	Estabrook & Company	Boston
	Hale & Company	Boston
	Hayden, Stone & Company	Boston
E. C.	Hodges & Company	Boston
	Jackson & Curtis	Boston
	Kidder, Peabody & Company	Boston
	Lee, Higginson & Company	Boston
E. E.	Leland & Company	Boston
S. D.	Loring & Son	Boston
F. S.	Mead & Company	Boston
E. Rollins	Morse & Brother	Boston
	Norman & Company	Boston
	Paine, Webber & Company	Boston
	Pearmain & Brooks	Boston
John	Pickering & Moseley	Boston
F. H.	Prince & Company	Boston
	Richardson, Hill & Company	Boston
	Schofield, Whicher & Company	Boston
	Sutton & Bowen	Boston
	Tower, Giddings & Company	Boston
	Towle & Fitzgerald	Boston
	Tucker, Anthony & Company	Boston
H. C.	Wainwright & Company	Boston
Andrew N.	Winslow	Boston

Boston Stock Brokers: Working Towards a Complete List

The Boston Stock Exchange

from The Boston Stock Exchange, with brief sketches of prominent brokers, bankers, banks and moneyed institutions of Boston, 1893

 

This site has focused on firms canceling stamps that were based at the New York Stock Exchange with the occasional detour.  One detour was to the Pittsburgh Stock Exchange back in June of 2024.  With the previous post on ambiguous "BB&Co" cancels that likely involved the Boston Stock Exchange, I thought it time to start looking at Boston Exchange cancels, though I have yet to make a definitive list of the possible brokers, or even really study who the brokers were during the tax period.  Today will begin an effort to get a handle on what was happening in Boston between 1898 and 1902.

A quick check of Boston canceled stamps among the 1898 dollar values in my collection turned up several Boston Stock Exchange possibilities, including the stamp below:

  

J. & C.

JUL

31

1900

BOSTON

Turns out this cancel likely belongs to the brokerage firm Jackson & Curtis.  Charles Jackson and Lawrence Curtis are each listed as members of the Boston Stock Exchange in 1901with their firm Jackson & Curtis.  They can be found in the list below that comes from the 1901 edition of Moody's Manual, while they are also listed as trading on the NYSE with Charles Jackson as the member:

As with the NYSE, Moody's published the membership lists for the Boston Exchange for 1900, 1901 and 1902.  But it means that we're missing 1898 and 1899, which are gaps that need an answer.  Turns out that at least one book available online provides some help, thought it is not ideal.  An 1893 hagiography of the exchange and its members provides a complete list, and a quick scan of my stamps shows at least one broker that shows up in this 1893 list that was no longer in the exchange by 1900.  

Whatever the case, there is enough data to get started to organize Boston brokers.  You can find the following lists by clicking on the links:

• 1900 Moody's Manual
• 1901 Moody's Manual
• 1902 Moody's Manual

New York Stock Brokers: "BB & CO": Brown Brothers & Co., Brown, Bruns & Co., or Blake Brothers & Co.?

Identical corporate initials can confound the identification of firms that used 1898 revenue stamps, as the cases of H&H and AS&Co have demonstrated.  In the case today, we consider B.B & Co on the 1898 dollar values, likely used to pay taxes on stock trades.  At least three firms with these initials traded stocks on the NYSE during the 1898 tax period, and it is certain that all three of them used their initials to cancel documentary stamps.  The best known of the two was Brown Brothers & Company, a multinational firm with offices trading on the exchanges in Boston, Philadelphia, New York, and Baltimore.  Blake Brothers & Company also had members with seats in New York and Boston, while  Brown, Bruns & Company, appears to have traded only on the NYSE.  Brown Brothers would, through a merger, become Brown Brothers Harriman, one of the best known Wall Street firms of the 20th century.

A stock sale memo from Brown, Bruns & Company:  300 shares of a +$13 stock were sold, requiring $6 worth of documentary revenue stamps.  6 copies of Scott R182 were used, each with the same cancel: B. B. & CO.  Below is a single stamp from that memo:

B. B. & CO.

NOV  7  1900

A prominent B. B. & CO. cancel is used on the stamp above, much like that on the copy of R174 below:

B. B. & CO.

JAN XX 1899

BOSTON

We know the R182 stamp with the BB cancel is from Brown Bruns as the stamp is tied to a Brown Bruns memo of sale.  The $3 stamp is a bit trickier without the underlying document.  However, the cancel includes "BOSTON", indicating the stamp was cancelled in that city, where Brown Brothers and Blake Brothers had members with seats on the exchange there. 

I have mounted the R174 on page labeled Brown Brothers, but that could be in error.  This may be a Blake Brothers cancel.  

So we are left for now without any sort of evidence-basis possibility for the identity of the cancel above.  The two BB&Co cancels below show up occasionally.  The top two are in my collection:

Meanwhile, David Thompson sent the following scan awhile back:          

Brown Bruns ceased to exist and stopped trading by later 1990 or early 1901, making it less likely that the cancels on the four stamps above came from that firm.  My guess would be that one of the cancel types above belong to Brown Brothers, and the other to Blake Brothers.  Someday sale memoranda might show up that provide confirmation.

The 1905 year on the second stamp was clearly caused by an incorrect adjustment of the year date slug.  

New York Stock Brokers: Wayland Trask & Company or Walsh, Tailer & Company?

A check of the firms doing business at the New York Stock Exchange during the 1898 tax period included two firms that would have abbreviated their names "W.T. & Co.":

• Walsh, Tailer & Company
• Wayland Trask & Company

Wayland Trask was a broker who held a seat on the NYSE throughout the tax period.  Walsh, Tailer, however was comprised of several brokers, including Edward DeWitt Walsh and James B. Tailer.  Their firm did not trade throughout the tax period (they can be found in the 1900 and 1901 lists) and was not listed as a firm in the 1898 or 1902 lists.  Starting in 1902, however, most of the brokers from Walsh, Tailer moved to the new firm Tailer & Robinson.

Further below is found a couple of broker's memos for Walsh, Tailer, showing unambiguous CDS handstamps.  Immediately below is a cancel with only the initials "W. T. & CO.", plus "N. Y."  

W. T. & Co.

MAY

1

1901

N. Y.

Was the stamp above canceled by either Wayland Trask or Walsh, Tailer?  Since N.Y. is present in the cancel, the stamp likely was removed from a broker's memo; as the memos below show that Walsh, Tailer was using a CDS (the stamps above and below were canceled in May 1901), my bet is that the cancel above is that of Wayland Trask.  We'll need a Wayland Trask broker's memo for confirmation.

 

New York Stock Brokers: Allen, Sand & Company vs Alling, Secor & Company

As with the recently discussed firms Halsted & Hodges and Halsted & Hollister, the New York Stock Exchange firms Allen, Sand & Company and Alling, Secor & Company may create some confusion in cancel identification.  I've been reviewing my collection to check on accuracy and potential stories for this website, and early in the process I found a cancel where it should not be.

Immediately below is an inset scan of an album page with two "AS&Co" cancels, under the title Allen, Sand & Company.  I clearly mounted the green R173 first, assuming the AS&Co to stand for Allen, Sand.  Subsequently, the R184 with the fully written out "Allen Sand & Co" was added.  But as I paged forward and came to the firm Alling, Secor, I notice that the "A.S.&Co." cancels on the stamps on the Alling, Secor memorandum of sale were familiar, and realized they matched the cancel on the R173 on the Allen, Sand page.  So I've subsequently moved the stamp to the Alling, Secor page.

Here is what the page once looked like, with the stamp on the left misidentified:

The stamp close-up:

The stamps on the Alling, Secor memo close up:

The actual Alling, Secor memo in full:

And the cancels of the firm Alling, Reynolds & Company, which was the successor to Alling, Secor, clearly shown by the overstamp on the firm name on the memo:

Note the Alling, Reynolds cancels are the same at the Alling, Secor cancels, but with one letter altered.

New York Stock Brokers: Sorting Out Clarence M. Cohen; Cohen, Stiebel & Company and Cohen, Greene & Company

The stock broker Clarence M. Cohen first appears with a seat on the New York Stock Exchange in 1901, and in that year lists of members of the exchange show him as a named partner of the firm Cohen, Stiebel & Company.  Cohen, Stiebel also shows up in the 1902 NYSE list.  However, the man had a much more complicated canceling career than indicated in the official lists.

First, there are stamps that are canceled "Clarence M. Cohen", without any mention of Cohen, Stiebel.  Second, Cohen, Stiebel used both regular handstamp cancels and also perfins, "CS&Co", presumably all in 1901 and 1902.  Third, and apparently in the final days of the 1898 tax period, likely in June 1902, Cohen appears in a new firm, Cohen, Greene & Company, which shows up in 1903 membership lists.  A Cohen, Greene cancel makes an appearance on the R191 strip of three below, along with the Cohen, Stiebel perfin.  

Clarence M. Cohen straight-line cancel

Cohen, Stiebel CDS from 1901

Cohen, Stiebel perfin, unknown date.

Confirmation that this perfin belongs to Cohen, Stiebel comes from the strip of threee below, that contains both the CS&Co perfin along with a cancel from Clarence Cohen's subsequent firm, Cohen, Greene.

In my earlier post on known perfins I did not include the CS&Co examples because I had not found them yet.  Here they are, with an unambiguous identification.

CS&Co perfin and COHEN, GREEN & CO handstamp

New York Stock Brokers: Halsted & Hodges vs Halsted & Hollister

There were two firms on Wall Street during the 1898-1902 tax period that had the initials H&H: Halsted & Hodges and Halsted & Hollister.  That both firms also had the name Halsted as the first name in the partnership occasionally complicates cancel identity.  For years I had this stamp with my Halsted & Hodges cancels:

Eventually I found a $2 version of this stamp with the box cancel complete, showing the full "Halsted & Hollister".  The stamp can be found further below mounted next to the one dollar stamp.

It turns out that Halsted & Hollister were not in business until 1901 or potentially late 1900, so their cancels don't show up till later in the tax period.  Halsted & Hodges, on the other hand, were in business across the tax period, from 1898 through 1902, and their cancels are more commonly found.  Their simpler block letter cancel is found on the broker's memo below:

The only Halsted & Hollister cancels I've found to date seem to be unique on Wall Street for the time, as they incorporate "PAID" in large outlined letters in the cancel:

Meanwhile, the Halsted & Hodges cancels are more familiar, with a double oval cancel early in the tax period giving way to the block letter cancel later.  The double oval is on the green R173 below:

New York Stock Brokers: The Bouvier Brothers

The Bouvier brothers, Michel Charles and John Vernou, were both brokers at the New York Stock Exchange during the 1898 tax period, and they both acquired their seats in 1869, making them some of the most senior members of the exchange by 1898.  

The cancels of Michel C. Bouvier come as straight line M. C. BOUVIER & CO, or as initials of the same.  They seem to be the most commonly found.  The only John Vernou Bouvier cancel I know of is shown on a sale memo below.

Memos courtesy of MSgt. David Thompson.

There were three John V. Bouviers; the one trading during the 1898 tax period was John V. Bouvier I.  John V. Bouvier III, aka "Black Jack", was the father of Jackie Kennedy.  

A Collector's Guide to 1898 Documentary Printed Precancels: The End for Now and Happy Halloween

For nearly two months I've covered the subject of these precancels; this will be the last post for the time being.  The next step with this material is to consolidate it into supporting material for a new and updated list.  For now, back to more conventional subjects, like brokers, banks, and insurance companies.

Maintenance and revisions are underway for the tabs (what Google calls "pages") at the top of the website, including addition of the original posts where there were once only links.  The Insurance Agents and Insurance Company tabs/pages are good examples.  Going forward I'll use pages dedicated to cancel series.

For now, and for Halloween, I'll reprise items from a previous post that focused on death:

DURFEE EMBALMING FLUID CO.

NOV

19

1898

*

Crate that once held Durfee Embalming Fluid

NATIONAL

JUL 8   1899

CASKET CO.

National Casket Company Factory, Oneida, New York

APR 28 1899

The Evergreen Cemetery

ELIZABETH, N. J. 

The Red Badge of Courage novelist Stephen Crane is buried near Evergreen Cemetery's main gate.

Still in use in 2023.

Deed for cemetary plot at the Evergreen Cemetery:

*****

From The Boston Medical and Surgical Journal, November 3, 1898, now the New England Journal of Medicine.  Apparently, official death certificates for use of the state did not require tax stamps.  Those for personal use did require a stamp:

A Collector's Guide to 1898 Documentary Printed Precancels: A Literature Review

Philatelic Literature Review

Though Richard Fullerton published in 1952 what has been the definitive list of 1898 documentary printed cancels, there have been other distinguished philatelists that have contributed to the field, and whose work predated and ran concurrently to the work of Fullerton.  Clarence Chappell, who produced an extensive list of the printed cancels on 1898 proprietaries, published a list of their documentary counterparts in the Weekly Philatelic Gossip in 1942.  And a contemporary of Mr. Fullerton, Charles Metz, published lists of these cancels in Chambers Stamp Journal in the late 1940s and early 50s. 

Chappell's format, similar to his proprietary list 

that was eventually updated by Joyce

Clarence Chappell, Weekly Philatelic Gossip, 1942.  Precanceled 1898 Documentaries: The
Railroad Companies.  This article appears to be the first published list in philatelic literature of the 1898 documentary printed cancels.  Chappell confines the list to railroads only.  He includes all of the railroads in Fullerton’s 1952 list except for the Chicago, Burlington & Northern RR, the Chicago, Fort Madison & Des Moines RR, the Kansas City & Northwestern RR, and the Sioux City & Pacific RY.  His format is identical to his better known 1898 proprietary printed cancel list.  As of 1942 it is clear that much discovery was still ahead for these cancels, as Chappell is not only missing four of the railroads in Fullerton’s list, but many of the 2 cent stamps and cancel varieties. 

The Bureau Specialist, November 1946:  This is a stub of an article in which Gilmore E. Martin, Bureau Isssues Association Member #231, reports having the 10 cent documentary battleship precanceled  C.M.&St.P.Ry by the Chicago, Milwaukee & St. Paul Railway.  The same Mr. Gilmore reports knowing of a collector in St. Charles, Missouri who has the same 10 cent stamp precanceled I.&G.N.R.R. by the International and Great Northern Railroad and used on an export bill of lading.  Neither of these stamps were accounted for in Chappell’s 1942 list.

Fullerton List (with addendum).  In 1972, Eric Jackson reprinted the list, including a one page addendum that Fullerton added soon after the original list was printed. 

Fullerton Article in Linn’s, 1952.  Railroads on Battleships.  This article in Linn’s Stamp News appeared in a special “Precancel Edition”.  Richard Fullerton was a member of the Precancel Stamp Society, and showed his collecting interests in this article.  While his list was published devoid of subjective commentary, the Linn’s article is a cheerleading piece, written to cultivate interest in collecting 1898 documentary precancels, specifically those made by railroads.

Charles Metz, Chambers Stamp Journal, 1948 and 1952.  It appears that Charles Metz was engaged in collecting and documenting the users, types and varieties of 1898 documentary printed cancels around the same time as Richard Fullerton, publishing his work in the Chambers Stamp Journal and then having articles republished in the The American Revenuer.  It appears that Metz’s first effort came in 1948, titled simply, Check List of Railroad Revenue Precancels.  This list omits the Chicago, Burlington & Northern RR and the Kansas City & North Western RR that are included in the Fullerton List.  By 1951, Metz published a follow-up list in Chambers Stamp Journal, continuing to omit the two previously mentioned railroads but including the I&GNRR 10 cent which was not included in his 1948 list, nor in Fullerton’s list.  Notably, Metz quotes the collector D. S. Tierney, regarding the existence of the Chicago, Fort Madison & Des Moines RR cancel.   Tierney reported in 1951 having this cancel on a Chicago, Burlington & Quincy RR bill of Lading.  Tierney added that the CFM&DMRR was a short line that ran from Fort Madison, Iowa, northwest to a junction with the CB&QRR near Batavia, which was 12 miles from where Tierney lived.  The CFM&DMRR is one of the rarest of all the railroad printed cancels; it may be that the known copy was removed from Mr. Tierney’s bill of lading.

Richard Friedberg, Linn’s,  Printed Cancels on Documentaries are Scarce, 1985.  In this short article in Linn’s Stamp News, Friedberg provides a “scarcity rating” to the most common variety of cancel used by each railroad in the Fullerton list.  Using a scale from 1 to 5, more commonly seen cancels like those of the CB&QRR and I&GNRR are given a 1, while the scarcest like the Chicago, Fort Madison & Des Moines Railroad are assigned a 5.  Varieties and the rarer items among the railroads, like cancels on the 2 cent documentary, are not included in his index.  Those ratings are included in the appendix of this volume.  At the end of the column, the existence of the T.S.E.RY. cancel is mentioned, though the railroad is not among those included in the scarcity index. Richard Friedberg had a long running column in Linn’s Stamp News in which 85 of his columns were collected into the book Introduction to United States Revenue Stamps.  The column dedicated to 1898 documentary printed cancels did not make the book. 

Ron Lesher, Stamp Collector & Dealer, 2021.  Lesher’s article is dedicated to the International & Great Northern Railroad’s printed cancels.  The I&GNRR used more denominations on which to pre-print cancels than any other railroad; Lesher provides examples of all those denominations, including the 1, 2, 5, and 10 cent battleship stamps, the 1c green R154, and adds the I&GNRR’s battleship 1 cent precancel handstamp, which Fullerton included in his list.  Both the CM&StPRy and the I&GNRR used the 10 cent documentary for foreign bills of lading.  The CM&StPRy undoubtedly had cargo that was exported to Canada, while the I&GNRR, Lesher notes, met the National Railway of Mexico at the Texas border city of Laredo. 

A Collector's Guide to 1898 Documentary Printed Precancels: An Inventory by Stamp and Company

 

A Collector's Guide to 1898 Documentary Printed Precancels: Kahului Railroad Follow-up

The day after posting the Kahului Railroad printed precanceled stamp, a seller on Ebay from Golubie, Poland, listed two stamps that appear to be examples of Kahului Railroad handstamp cancels:

I had noticed some months back that this same seller had listed these stamps, or at least one of them, but I did not save the images of the stamp(s) or any notes about them.  Coincidently the cancels were back online the day after I first posted regarding the apparently printed version of this cancel.

These two stamps further my doubt as to the legitimacy of the R163 "printed precancel".  My guess is that both cancels above were added after the 1898 tax period by a collector or dealer making fantasy cancels.  There are no extraneous markings like dates or location (the state hardly counts), and it is not clear that any railroad needed to cancel a five cent stamp.  Even the I&GNRR five cent stamp cannot be found in a condition than otherwise unused.  

The two cent stamp is hyphen-holed; the five center is rouletted.  My guess is that the maker of these had a foxed five cent stamp, of little value with the foxing, and selected it for the bogus handstamp.  Otherwise, if these were real, it would imply that the KRR was possibly canceling these stamps across the tax period, as the two cent stamp has the later issued hyphen-hole perfs.  If this was so then I am fairly sure we would have examples of these cancels that do a better job of appearing legit.  

A Collector's Guide to 1898 Documentary Printed Precancels: The Kahului Railroad?

K . R . R .

 HAWAII

From Frank Sente's collection is this example of a possible railroad printed precancel.  This stamp and cancel was not included in Richard Fullerton's 1952 list, or in the lists of Clarence Chappell or Charles Metz; my guess is that it was either 1) unknown at the time by any of these gentleman, 2) adjudged to be of questionable legitimacy,  or 3) not yet in existence by the middle of the 20th century.

Establishing that this was a legitimately prepared printed precancel could be difficult.  This appears to be the only known example of the cancel, which by itself is not necessarily a problem.  While we do know for sure that there was a K. R. R., the Kahului Railroad, this railroad was not part of a larger system that made use of precancels, and Hawaii was not known as a place for precancels at the time.  So this appears as something of an orphan, which raises concerns.  Further, the stamp has no other confirming contemporaneous markings, like a handstamped date and location, which would help with bonafides.

For now, this stamp and cancel is interesting, but needs some support to have it move from a "jury's out" section of a revised Fullerton list.